The S&P MLP Index is designed to provide exposure to leading partnerships that trade on major U.S. exchanges. The index includes both master limited partnerships (MLPs) and publicly traded limited liability companies (LLCs), which have a similar legal structure to MLPs and share the same tax benefits. As the vast majority of traded partnerships have operations in the oil and gas industries, the S&P MLP Index follows the Global Industry Classification Standard (GICS®) and focuses on companies in the GICS Energy Sector and the GICS Gas Utilities Industry
Index constituents exhibit the following characteristics:
Weighting – Modified capitalization
Market Capitalization – Minimum of US$ 300 million
Liquidity – 3-month average daily value traded above US$ 2 million
Domicle – Listed companies on NYSE, NASDAQ or AMEX
Reconstitution – Annual
Index Governance and Policy
The index is maintained by the S&P Index Committee, whose members include Standard & Poor's economists, and index analysts. It follows a set of published guidelines and policies that provide the transparent methodologies used to maintain the index.
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